And a very good job you do too.



I may not post here very often but I drop by to browse occasionally and it is definitely one of the best fans forums around in any of the sports I follow.



Keep up the good work and a very Merry Xmas to yourself, your fellow mods and all sports fans everywhere.

Hmmm, how is it manageable when they lost £450,000 this year to go on top of the £3.2 mill they are in debt, with £2.2 milllion having to be repaid in 12 months?

All debt is manageable, especially when the directors have indicated that they are prepared to underwrite that debt, which is what the article says.



I wouldn't place too much emphasis on figures quoted from a BBC sports reporter anyway, they are more used to exaggerating the size of contracts and transfer fees than to bother to stop and read balance sheets and profit & loss accounts.

True, unfortunately those debts are actually showing on the latest filed accounts

Having read through the various posts I'd like to ask a few questions. Could KR just declare themselves bankrupt/go into recievership and just clear there debt? (like the London Broncos did a few years ago and start under a new name/ltd company) I mean I know they do it in fussball all the time. I know teams there get deducted points but do the rfl have anything in place to prevent this with the license system? Deduction of points with no relegation seems a option to teams in SL that maybe struggling.

They would end up straight back in the Championship and would have to wait until the next round of franchises (2015) before applying again.

Fair enough

Going bankrupt would not help the club as I would guess the debt is owed to the directors, not a bank. As I couldnt see any bank lending to a superleague club year on year that is losing money unless they are borrowing the money to buy an assets like saints have done with there new ground (Which there not). The team have very little assets as they dont own there ground unless you include the players but they are an intangible assets and should not be included under the companies act and accounting standards as they have no set value and at the end of the players contracts they can walk away for nothing. The only way the investors would get the money back is if a buyer was found that was willing to pay goodwill for the players and the brand name.

I believe Hull's debt of a few years ago was well over £2.5 million and they seemed to be trimming that down without the succesful local buisnessmen and multi millionaire vice chairman that HKR have on board. It must be remembered Rovers have spent a lot of money on the ground ( since promotion) and the pitch, floodlight improvement and two stand extensions.



But thanks for your concern